📌❗ Three tips to avoid imposter scams ❗📌

1. Understand realistic returns ❗

If you want to evaluate the authenticity of an "investment expert," the easiest way to do it is to calculate the returns they offer. Annual returns of 20%, which translates to a 0.0548% daily return, is already considered very high among the investing community. Be cautious of any “investment expert” touting returns greater than 20%.

Note that you should still exercise caution with anyone offering investment advice or promising to multiply your money. Even someone advertising a reasonable annual return, like 10%, could be a scammer trying to deceive you into giving money away.

2. Use Binance Verify ❗

Our official database, Binance Verify, allows anyone to cross-check Binance domains, email addresses, phone numbers, WeChat IDs, Telegram IDs, and Twitter handles. Don’t instantly trust anyone who says they work for or represent Binance. Always verify the source on Binance Verify first.

Continue to exercise caution even if your query shows the source is verified. Scammers often use real names of Binance employees to deceive their victims.

3. Perform a background check ❗

Search for key information behind the “investment program.” Use tools like who.is to find when the website was founded and how long it’s been active. Check URLs against Scamadviser, a database that compiles and scores websites based on how trustworthy they are.

Always do research before entrusting your money to a platform, person, or entity. At the very least, you should do a quick Google search on the website or the project’s name. If you notice any red flags, block the contact and cease all communications. Scammers often have scripts prepared to try and convince you of their legitimacy.

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